Calculate the futa and suta taxes

Reference no: EM13978958

Ted Carman worked for Rivertide Country Club and earned $28,500 during the year. He also worked part time for Harrison Furniture Company and earned $12,400 during the year. The SUTA tax rate for Rivertide Country Club is 4.2% on the first $8,000, and the rate for Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.

Reference no: EM13978958

Questions Cloud

Purchased shares of a mutual fund at a price : You purchased shares of a mutual fund at a price of $29.50 per share at the beginning of the year and paid a front-end load of 4.5%. If the securities in which the fund invested increased in value by 11% during the year, and the fund's expense ratio ..

Part of the underwriting process : Which of the following is not part of the underwriting process

What is the market value of the contract : XYZ Corp. holds a forward contract to purchase 100,000 Euros in 60 days at a rate of $0.89. The spot rate for Euros is $0.90. The contract is worth $1,046.49 now. What is the market value of the contract? What is the notional amount?

What is the real holding period return for the year : The price of a stock is $82 at the beginning of the year and $89 at the end of the year. If the stock paid a $3.25 dividend and inflation was 2.25%, what is the real holding period return for the year?

Calculate the futa and suta taxes : Harrison Furniture Company is 5.1% on the first $8,000. Calculate the FUTA and SUTA taxes paid by the employers on Carman's earnings.

Abbreviated income statement and balance sheet : The following table shows an abbreviated income statement and balance sheet for McDonald's Corporation for 2012. INCOME STATEMENT OF MCDONALD’S CORP., 2012 Calculate McDonald’s free cash flow in 2012. (Enter your answer in millions.) Free cash flow $..

Calculate the residual : Regression line drawn as Y = C+1075x, when x was 2, and y was 239, given that y intercept was 11. Calculate the residual

What is the probability that the equation : Equation: x/y=a/b Out of the 10 natural numbers (1-10) if you draw 4 numbers at random what is the probability that the equation would be equal. (Example 2/2=3/3, 1/3=2/6 etc).

What is the implied price per share of this funding round : Starware Software was founded last year to develop software for gaming applications. Initially, the founder invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round of capital, and it has identified an inte..

User Account

All Pages